Gana Payment Hack Drains $3.1M in Major BSC Exploit Shocking DeFi
How the Gana Payment Hack Used an EIP-7702 Exploit to Drain $3.1M Fast What happens when a new crypto project is hit before it has even settled into the market? That’s what we saw with the Gana Payment Hack, where more than $3.1 million was drained from the platform on BNB Smart Chain in the early hours of the morning. The project, launched only nine days ago, experienced a complete collapse after the attack. Its token price fell over 90%, leaving investors shocked and scrambling for answers. How the Attacker Pulled Off the Exploit The Gana payment hack took place yesterday around 5 a.m. UTC, a time when crypto activity is usually slow. The attacker used an unusual method involving EIP-7702, a feature meant for secure wallet delegation. Instead of using it normally, the hacker found a way to abuse it. This allowed them to take control of the GANA Payment smart contract and manipulate the reward mechanism inside a PancakeSwap pool. They inflated rewards and drained liquidity, thus successfully stealing a large number of tokens within an extremely short period of time.
Source: X (formerly Twitter) After gathering all the funds, the attacker forwarded them to a main wallet address: 0x2e8a8670b734e260cedbc6d5a05532264aae5c38 This is where the second part of the attack-the money laundering phase-started. How the Stolen Funds Were Moved and Hidden To cover their tracks, the attacker first sent 1,140 $BNB (worth approximately $1.04M) into Tornado Cash on BSC. Tornado Cash is a widely used privacy tool to mix funds and break transaction trails. Once the BNB was washed, the attacker bridged the remaining stolen assets to Ethereum.On Ethereum, the laundering continued. Another 346.8 $ETH , worth about $1.05 million, was pushed through Tornado Cash again. Even after sending these large amounts, the exploiter still holds around 346 ETH (worth about $1.04 million) in another wallet: 0x7a503e3ab9433ebf13afb4f7f1793c25733b3cca At the time of writing, these funds remain untouched. Token Price Drops Over 90% in Minutes Before the hack, the project was slowly building interest in the community. Many users thought the project had potential as a $DEFI payment solution. But the Gana Payment Hack changed everything in an instant.
Source: CMC The chart for the Gana project has a straight downfall with a big red candle indicating heavy selling and panic. This sudden collapse wiped out almost the whole value of the token in minutes. Team Promises Investigation and Next Steps Following the attack, GANA Payment's team posted on X, stating they are starting a full investigation. They also mentioned plans for compensation for affected users and possibly rebooting the project. Trust remains extremely low, however, not least because the project launched without a public audit-a course of action that likely made the exploit easier. A Reminder of the Risks in DeFi The Gana Payment Hack is a reminder that the DeFi space indeed carries some actual risks: promising new projects may look bright, but without strong security and audits in place, users can lose everything in just a moment. This incident really shows why investors must be careful and research projects carefully, never ignoring warnings about safety.
Why the Entire Crypto Market Is Dropping Today? A simple, human breakdown — no jargon, just clarity. The crypto market isn’t crashing because of anything wrong with crypto.
It’s falling because global financial pressure just hit a breaking point — and crypto is caught in the crossfire. Here are the 3 big forces pulling everything down:
1️⃣ Japan Just Sent Shockwaves Through Global Markets Japan’s 10-year bond yield just climbed to its highest level since 2008 — and that matters more than most people realize. For years, big institutions borrowed Japanese yen at nearly 0% interest and used that cheap money to buy: • Stocks • Gold • Crypto Now that borrowing is suddenly expensive, those investors are unwinding their trades fast. That means selling everything, including crypto. ➡️ When the “cheap money” dries up, global markets feel the earthquake.
2️⃣ The U.S. Dollar Is Getting Strong Again A rising dollar doesn’t sound dramatic, but it’s a big deal. When the dollar strengthens: • Risky assets fall • Investors flee to “safe” places • Crypto gets hit the hardest This is a classic risk-off move — and we’re watching it play out in real time.
3️⃣ Liquidations Are Snowballing the Drop The market fell quickly, and leveraged traders got slammed. That triggered: • Liquidations • Forced selling • More liquidations • More panic
It’s the classic crypto domino effect: Prices fall → liquidations hit → prices fall more → fear spikes. 💡 The Bottom Line This isn’t a “crypto crisis.” It’s a macro shock — and crypto is reacting the way it always does: fast and violently.
When global pressures ease, crypto can stabilize again. The fundamentals haven’t changed — only the mood has.
Cathie Wood Ark Invest $7M Crypto Bet In Coinbase, Circle, Bullish
Cathie Wood Ark Invest Expands With Coinbase, Circle, Bullish New Buys Ark Invest has gone even more aggressive on crypto-related stocks, increasing its investments in Coinbase, Circle, and Bullish as institutional investors show growing interest in digital-asset-linked equities. Cathie Wood Ark Invest Increases Crypto Stock Buys. The Investment has maintained its vigorous buying of crypto-related stocks this week, carrying out new buys in two of its high-profile exchange-traded funds, including the Innovation ETF (ARKK) and the Fintech Innovation ETF (ARKF). It is becoming more confident in crypto-driven publicly traded companies, as the most recent Tuesday trade filing shows that the firm jointly bought $3 million of Coinbase stock and $3.1 million of Circle stock.
Source: Wu Blockchain ARKF Also Adds Stock Together with Coinbase and Circle, the ARKF ETF increased exposure to Bullish, a crypto exchange operator funded by Peter Thiel. ARKF bought another 1.1 million Bullish shares, which further diversified its portfolio of fintechs with more crypto-exchange coverage. Stock Performance at the Purchases. The most recent purchases were made when the major crypto equities moved close to flat in the market. Coinbase (COIN) finished the day on Tuesday, 0.81% down, at $261.79, with Trading volume $2.85B and a market cap of $70B
Source: CMC Circle (CRCL) experienced a minor increase of 0.1% to close at $76.68 with trading volume $1.26 billion and a market cap $18 billion
Source: CMC This shows that the strategy can be more of a long-term belief than a short-term price direction. Aggressive Crypto Equity Strategy of Ark in the Last Weeks. The Tuesday acquisitions follow a powerful purchasing pattern exhibited in the recent past: On Monday, Ark added Bullish shares valued at $10.2 million in three ETFs. On Thursday last, the company took even greater strides and added: $7.28M in Bullish,$15.56M in Circle,$8.86M in BitMine. Overall, Ark has already invested more than $40M in crypto-related publicly-traded companies within the last several trading days, which is certainly an increase in its crypto-forward investment efforts. BULLISH Expected to announce Q3 Results This is the fastest-growing exchange that has gained the support of billionaire investor Peter Thiel, will release its third-quarter financial results later today. The update should provide information on the trading volumes, user growth, and institutional engagement, which can further shape the future positioning of Ark. The current trend shows the price $0.00002607 surged by 12.04%.
Source: CMC Impact on Crypto Markets Ark Invest continuous buy boosted overall sentiment in crypto-equity space, signaling strong institutional conviction. Although immediate price reactions remain modest, analysts believe sustained accumulation from major funds could encourage more institutional inflows and gradually strengthen market confidence across both crypto assets and related publicly traded companies. Conclusion The investment indicates the long-term investment of the company in crypto-integrated equities, which strengthens the rising institutional belief in the financial infrastructure based on digital assets.
Coinbase Latest Update: Is December 17 Signals Base Token Launch?
Coinbase Latest Hint of Dec 17 With Pinned “Bio Updated” Tweet. Why? Coinbase latest update has also led to a new round of speculation due to its recent changes to its X (Twitter) bio, which reads December 17, and has generated speculation of a big announcement. The cryptic hint, coupled with a fixed Bio Updated post, has the community buzzing. What's the News? Coinbase secretly changed its official X bio to December 17th and pinned a short post with the title Bio Updated on November 18. This hint was enough to cause a wide speculation on what was to follow. Analysts and community members remembered that the last occasion Coinbase made such cryptic announcements via such messaging was on November 8, when the company announced its Launchpad token sales platform. Others are now of the opinion that December 17 might be another product release, company update, or even an announcement of a Base ecosystem.
Source: Official X What December 17 Could Be? There is a lot of speculation in the air, and there are realistic as well as wildly optimistic theories. Some members of the community think that the date might give a clue to the much-awaited release of a Base token, but a number of analysts, including Brian Jung, place it at less than 20%. Rather, Jung writes that Coinbase is better positioned to update on its next stage of everything exchange, a term that was earlier used by CEO Brian Armstrong. The possible announcements may be prediction markets, stock tokenization capabilities, more derivatives, or more Base ecosystem integrations. Some other people make fun of this by saying that the date is the same as National Maple Syrup Day, which adds a funny touch to the mystery. Even the date is not given, and thus the time frame is not clear either--it makes the unveiling a tactic game of suspense.
Source: X Public Reaction Local responses have been varied, with excitement, confusion, and playful behavior. Influencers were fast to comment--Litecoin jokingly noted that it was National Maple Syrup Day on December 17, and that other accounts, such as $DEFI Dough, were the first to read the Coinbase bio. The replies of Coinbase themselves contributed to the fire, providing empty answers like Stuff, I will tell you soon and That is a good way to look at it. The speculators, the traders, the meme accounts, have all entered the discussion; most of them are ready to buy the rumor, sell the news, as they await clarity. December 17: Introducing Something Giant or Just Hype? It is not clear whether Coinbase is foreshadowing a revolutionary innovation or if it is merely playing the game of smart marketing. One thing is, however, definite: the platform has been able to draw attention. Until the mystery is uncovered, December 17 is a day of expectation--unless it is a big announcement, it is a masterclass in strategic hype.
Is Trump Tariffs on Russia Trade Partners Target India and China?
Trump Tariffs on Russia Trade Partners Bill Signal 500% Penalties How will global markets react when the world’s largest economy threatens tariffs as high as 500%? The new push behind the $TRUMP Tariffs on Russia Trade Partners bill is raising big questions for governments, investors, and traders. With Washington preparing to punish any nation still buying Russian energy, major players like India and China now face tough choices. At the same time, markets are already under pressure. What the New Tariff Plan Really Means President Donald Trump has confirmed he supports a Senate bill that would allow the United States to impose tariffs of up to 500% on countries doing business with Moscow. The move, long backed by Senator Lindsey Graham, aims to cut Russia’s wartime revenue by targeting buyers of its oil and gas.
Source: X (formerly Twitter) The Trump Tariffs on Russia Trade Partners bill focuses on China, India, and possibly Iran. These countries remain among the largest importers of Russian crude. The President said the US must use "very tough" actions to pressure nations that are “not supportive of Ukraine.” This marks a sharp escalation after earlier sanctions failed to significantly reduce Russia’s energy income. India Caught Between Pressure and Diplomacy India is at the center of the debate because of its heavy reliance on discounted Russian crude since 2022. Earlier this year, the US doubled duties on Indian exports to 50%, tying them directly to oil imports from Moscow. Contrary to this update a few days back, Trump claimed New Delhi has “substantially reduced” purchases, and hinted that tariffs could be lowered by half as part of an upcoming “fair US India Trade deal.” However, Indian officials have not confirmed a full reduction in Russian oil intake. Trade talks between Washington and New Delhi have resumed, but the impact of the levying Trump Tariffs on Russia Trade Partners proposal remains uncertain. A sudden 500% tariff threat could force India to rethink its energy and currency strategies. Why Global Markets Are Nervous Markets often react to uncertainty more than policy, and this week’s news delivered plenty of it. If this hit China or India, two of the world’s largest economies, analysts expect disruptions in energy flows, shipping routes, and FX markets. Middle-power nations may also consider reducing their dependence on the US dollar system, a trend already growing over the last few years. Such shifts could weaken global trade confidence at a time when risk sentiment is already collapsing. This is especially true in crypto markets, which tend to drop sharply during geopolitical stress. Crypto Market Extends Its Losing Streak The crypto market fell 0.56% in the last 24 hours, adding to a 7-day drop of 8.32% and a 30-day decline of 11.75%. Extreme fear has taken over investor sentiment as traders prepare for bigger macro shocks. The rising $BTC Bitcoin-Nasdaq correlation also shows that the crypto market is behaving more like a traditional risk asset during uncertain times. News around the Trump Tariffs on Russia Trade Partners bill added fresh volatility. Investors now worry that a new wave of global tariff rates could slow economic growth, reduce liquidity, and increase pressure on emerging markets, all bad signals for crypto recovery.
Will Zcash Price Rally Potential Hit $755? 3 $ZEC Price Surge Reasons The Zcash price rally has become the biggest surprise of the day. While Bitcoin, Ethereum, and other cryptocurrencies are falling hard, Zec is moving in the opposite direction. The asset surged more than 25% in the last 24 hours, jumping from around $483 to nearly $600. In a market full of panic, this kind of upward move stands out. Let’s break down why ZEC crypto is going up when the rest of the market is bleeding. Zec Price Surge 25%: Why Is Zcash Price Rallying Today? Today, the crypto Fear & Greed Index is at 16, which means extreme fear. In such times, many investors shift their money to privacy coins. This sudden shift is one of the main reasons behind the strong price rally.The recent boost isn’t just random. The project’s ecosystem is becoming more active again. The native supply will soon be supported on RHEA Cross-Chain Lending, built on NEAR Protocol Intent. As a result, privacy-focused cryptocurrencies are gaining attention from both investors and regular users.In the past 24 hours, the asset recorded $2.16 billion in trading volume, showing a 26% jump. These are some of the major Zcash price surge reasons fueling the rally despite the overall industry bloodbath. Now let’s understand what the technical chart is indicating. Zcash Price Rally Potential: Technical Chart Shows Bullish Pattern Along with the bullish $ZEC token news today, the TradingView chart also supports the positive move. On the 2-hour timeframe, it is forming higher highs and higher lows, which is a classic uptrend sign.
RSI is around 66, showing that buyers are still strong, though a small dip to $570–$580 could happen before the next push.MACD shows a clear bullish crossover, meaning buying pressure is rising.From the past month, it has surged around 134%. This massive altcoin momentum makes it one of the most trusted, talked, and bullish assets of 2025, fueling a bullish Zcash price prediction 2026 buzz. It has support around $540–$555 and faces resistance near $610–$625. If it holds support, the Zcash price rally could continue for the next few days. Market Fear Vs. Altcoin Season: Who Will Win? At the time of writing, the crypto market is down around 3%, with Bitcoin, Ethereum, and XRP all dropping. More than 231,000 traders were liquidated in the past 24 hours, with total losses reaching $1.15 billion. Despite the chaos, this asset is one of the few coins showing strength. Dr Whale, a top crypto analyst said; “Everything is ready…ALTSEASON 3.0 - The pump is coming soon!” As the altcoins like this are already showing strength, his words might come true soon. Traders should get ready for a bullish wave in the token’s price going forward. Internal factors drove this rally, and that’s why the red market didn't affect it. Zcash ZEC Price Prediction : Analysts Expect $700–$755 Soon Popular crypto analyst BlockchainBaller posted on X that “$ZEC is showing a clear bounce from demand. The next target remains the weak high around $755.
Short-Term: It could test $610–$625 with minor corrections.Mid-Term: If interest in privacy tokens stays high, targets of $650–$700 look likely.Long-Term: With steady growth and rising demand, assets could aim for $750–$820, and possibly $900+ if early-season starts. Conclusion While the whole crypto market struggles, Zcash price rally 25% is proving that unique coins with strong fundamentals can still shine. Its focus on privacy, scarcity, and technology upgrades has made it one of the few winners during this crash. As long as support levels hold, the next big push toward $700 and beyond might be just around the corner.
Is the Bitcoin Price Crash a Warning or a Big Buy-the-Dip Chance?
Bitcoin Price Crash Shows BTC’s 0.8 Correlation With Nasdaq Downtrend Bitcoin has fallen again drastically, and investors everywhere are asking the same question: Should we worry about this Bitcoin Price Crash, or could this be the moment to buy the dip?
Source: CMC In the last 24 hours, it slipped to around $97,597, pushing its 30-day decline to more than 11%. The charts show weakness, but behind the drop lies a very mixed and interesting story, one where some traders are selling, but bigger players are quietly buying. ETF Outflows Start the Downtrend A major reason behind the Bitcoin Price Crash is the sudden wave of ETF outflows in the U.S. On November 13, spot Bitcoin ETFs recorded more than $600 million in outflows. When money leaves ETFs, the fund must sell real digital asset in the market, which creates instant pressure. If ETF outflows continue over the next couple of days, it may stay under selling pressure. Long-Term Holders Are Quietly Selling BTC Long-term holders are slowly selling as optimism fades. Glassnode shows nearly 400,000 BTC offloaded recently, with whales reducing positions for year-end tax moves and profit-taking during weak market momentum. Institutions Quietly Buy 4,094 BTC During the Dip While fear spread across retail traders, surprising activity happened behind the scenes.According to Lookonchain, Anchorage Digital, a major institutional custodian received 4,094 $BTC worth $405 million in just nine hours. The BTC came from big liquidity providers such as Coinbase, Cumberland, Galaxy Digital, and Wintermute. This kind of inflow usually shows confidence from long-term institutional players, even when the market is falling sharply. Wintermute: Bitcoin Reacts More to Nasdaq Losses Wintermute’s latest analysis adds a very important piece to the puzzle. They found that the token is still moving almost exactly like tech stocks, especially the Nasdaq-100. The correlation sits at around 0.8, which is extremely high.
Source: X (formerly Twitter) But here’s the key insight: The digital currency reacts more strongly to Nasdaq drops than to Nasdaq gains. This negative reaction pattern is now similar to the level seen in late 2022, which was followed by a major recovery. Today, even though Bitcoin is near all-time highs, the market is reacting emotionally to stock market weakness. ALI Charts: These Are the Critical Support Levels Analyst ALI Charts shared important BTC support levels after the breakdown below the $101,901 Fibonacci level. According to him, if it fails to stay above $95,930, the next strong support levels are: $82,045$66,900
Source: Ali Chart X (Previously Twitter) These levels come from the URPD (Realized Price Distribution) model, which tracks where large groups of buyers entered earlier. If it tests these deeper levels, many long-term buyers may re-enter the market. Weak Technical Indicators and High Liquidations Add Pressure Technically, BTC is sitting under all major short-term moving averages. The RSI is near 33, showing weakness but not extreme panic.A bearish MACD pattern suggests fading momentum. Liquidations made the fall worse - nearly 194,000 traders were liquidated in a single day, wiping out $719 million. The biggest single liquidation was a $10.46 million BTC long on Hyperliquid. These forced sell-offs drove prices even lower. Bitcoin Price Prediction: What's Next for BTC? Short Term: It may continue to fluctuate between $94,000 and $102,000. If the crypto remains above $97,000, buyers can try to pull off a recovery. A slip below $95,930 might give way to $94,000, and with growing fear, this may extend to as low as $82,000. Long Term: For 2025, the overall trend still looks positive. While below $82,000, the long-term bull structure remains intact. Overall, strong institutional inflows, growing ETF interest, and miner economics continue to point toward a strong future outlook; once the correction sets in, the price of BTC could head toward a range of $110K to $125K. Conclusion The Bitcoin Price Crash does look scary at the moment, but the full picture is a lot more balanced. For the time being, the fear is high, and in crypto, high fear often creates some of the best long-term opportunities. Disclaimer: This article is for informational purposes only, kindly DYOR before investing in crypto market.
US Government Shutdown Officially Ends: Trump Signs Funding Bill
43 Days US Government Shutdown Finally Ends: Trump Signs Funding Bill The longest US government shutdown in history has officially ended after 43 days. President Trump signed a funding bill late Wednesday, restoring federal operations and easing economic and public concerns. Congress Approves Bill to Reopen Government After weeks of political deadlock, the US House of Representatives passed a bill to reopen the government. The vote was narrow, with 222 in favor and 209 against. Notably, six Democrats crossed party lines to support the bill. The legislation funds govt. operations through January 2026 but does not include certain Democratic priorities, such as healthcare protections. This compromise allowed the government to resume functions without further delay, preventing an estimated $11 billion in additional lost productivity.
Source: The Kobeissi Letter X President Trump Signs Bill Late Wednesday at 9:45 PM ET, President Trump officially signed the bill into law, marking the end of the record-setting 43-day shutdown. The White House celebrated the move, calling it the resolution of a "Democrat shutdown." Trump’s signature restores pay for federal employees and reopens essential govt. services, including national parks, administrative offices, and federal agencies that had been partially closed since the shutdown began. Government Borrowing During the Shutdown While the govt. was partially shut down, the US borrowed an astonishing $619 billion, averaging $14.4 billion per day in deficit spending. The deficit spending was still on, even though some of the departments were closed, and it is clear that even though the services ceased, the US never ceases to borrow. This huge borrowing puts the current fiscal difficulties and the growing national debt in focus and makes the debate on budget control and economic stability urgent.
Source: X Public and Market Reactions The reaction of the people has been both positive and negative, but mostly positive. Frustration was evident with about 70% of the polls against the effect of the shutdown on federal employees and services. There was an influx of partisan responses, memes, and debates on social media applauding the reopening of the government. The news also caused a reaction in the crypto markets. Precious metals, especially silver, have recorded a significant increase, and their prices are up about 11% in the past five days. According to the analysts, in case the stimulus checks of up to $2,000 are issued, the momentum in such markets may further pick up. Impact and Recovery of Shutdown. The 43-day shut down, which was the longest in U.S. history, caused interference in federal services, govt. payments, and economic uncertainty. Employees of the Fed were put on furlough, and critical services were put into operation with difficulty. The federal operations have gone back to normal with the funding letter being signed, which has brought stability and certainty to the workers and contractors. The bill compromise highlights the partisan nature of the current negotiations in Washington, as well as avoiding a direct economic impact.
How Near Arichain Listing DateLooks from its $ARI ICO Updates?
Arichain Listing Date, ICO Price, Airdrop & Wallet Registration Update The crypto community is abuzz over Arichain listing date, a much awaited launch of the year, following months of updates from the team’s official X account. While the exact ARI token launch date has not yet been confirmed, activity around its ICO, wallet registration, and Discord migration has fuelled the strong speculation that the project could debut on major exchanges by early 2026.
Source: ArichainOfficial Arichain blockchain describes itself as a “Super Organism Network” – a next generation Layer-1 blockchain designed to operate like a living system, where participants play a role in maintaining the network’s health and scalability. New Updates: ARI ICO price Out While Discord on Halt According to official data, the Arichian ICO price is set at 2 USDT for 1 ARI token, with a soft cap of $5 million and a hard cap of $70 million. The event will distribute 70,000,000 ARI coins, 14% of 500,000,000 total supply.
Source: ArichainTestnet On the other hand, the network's latest news follows the temporary closure of the community discord as part of the final steps before Ariwallet registration begins. According to official posts, users must now follow the Ariwallet and Discord bot procedures to confirm registration. This move further fueled the Arichian listing date to happen sooner than expected, maybe in late-2025. Daily Quiz, Events, and Airdrop Campaigns The team has been actively engaging the community through the Arichain daily quiz (ended in September), community events, and Ari-C point rewards. These initiatives are tied to the Arichain airdrop, which will distribute rewards to verified participants via Arichain wallet accounts. The recent Discord closure hints that a major reward phase could roll out soon. Arichain Price: A Structured Possibilities With a total supply of 500,000,000 tokens and an ICO price of 2 $USDT per coin, analysts are speculating on the Arichain listing price to be a strong one. Key factors driving potential value include high-speed blockchain performance (300,000 TPS), strong community engagement, and CertiK security audits. Speculative Price Ranges: Conservative: $1.5–$2.0 — gradual adoptionModerate: $2.5–$3.5 — strong community and early dAppsBullish: $4.0–$5.5 — top-tier exchange listing and high adoption Long-term, if the blockchain achieves broad adoption, $ARI could reach $8–$10 by 2028, making it a promising Layer 1 platform for AI and Web3 applications. What’s Behind the Hype? Built as “The Super Organism Network”, the blockchain combines scalability, AI integration, and ease of development. With 300,000 TPS, 3-second block times, and zero setup cost, the network aims to redefine dApp creation. The ARI token represents the digital backbone for an AI-integrated decentralized network. As the listing date draws closer, all eyes are on how effectively the project transitions from speculation to mainnet deployment.
US India Trade Deal: Trump Confirms 50% Tariff Cut on India
US India Trade Deal Progress Boosts Global Markets and Crypto Gains Could the world’s two largest democracies finally be moving toward a better trade relationship? Suggests the recent US India trade deal news, US President Donald Trump said the United States plans to lower its tariffs on India by about 50% “at some point.” This comes as both sides are working on what he called a “fair deal.”
Source: X (formerly Twitter) Speaking to reporters at the White House, Trump said, “Right now, the tariffs are very high on India because of Russian oil, and they’ve stopped doing the Russian oil. We are going to be bringing the tariffs down.” His statement shows that the talks between Washington and New Delhi are gaining new life after months of tension. Trump Confirms Tariff Reduction and Fair Deal Talks At present, the combined Trump tariffs rate on Indian goods stands at 50%. Trump had earlier doubled the tariffs this year, linking it to their purchase of Russian crude oil, which he said was helping Moscow during the Ukraine war. Now, the US President claims the country has “substantially reduced” its Russian oil imports. He added that both nations are close to a new agreement that will be fairer for both sides. “We’re making an agreement, much different than we had in the past,” He said. “They don’t love me right now, but they’ll love us again. We’re getting close.” Although India’s Ministry of External Affairs has not confirmed Trump’s earlier claim that Prime Minister Narendra Modi promised to stop oil imports, officials from both countries have been meeting in Washington to discuss business terms. This shows that the US India Trade Deal could soon take shape. Market Reaction and Economic Implications Trump's announcement increased investor confidence and was very well received in the markets globally. The S&P 500 jumped 1.54% to 6,832.43, whereas the Dow Jones added 381 points to 47,368.63. This rally also increased the stocks of technology companies; for instance, Nvidia Stock was up almost 6%.
Source: Google Finance Lower rates between the both nations may help Indian exporters in manufacturing, textiles, and pharmaceuticals. American companies are also likely to increase sourcing from country as global supply chains progressively move out of China. Overall, the US India Trade Deal is positioned to benefit both the economies. How Crypto Markets Reacted Over the last twenty-four hours, the worldwide digital currency market increased by 0.84%, mainly due to institutional purchases and less macroeconomic uncertainty. The crypto markets have increased their value by about 1.9% over the week. According to the analysts, optimism around this Trump Tariffs news has positively impacted the crypto investors' confidence. When global business starts to stabilize and inflation fears are gone, demand for high-risk assets like $BTC and $ETH usually goes up. A Step Toward Stronger Economic Ties President's comments mark a big moment in the US India Trade Deal story. If the US cuts tariffs as promised, it could strengthen ties between Washington and New Delhi and encourage more business and investment. Both countries now appear closer than they have been in years. A successful business deal could not only boost the economies of both nations but also bring a sense of stability to global markets in 2025.
What Will Be Janction JCT token listing Price? Check Now
Janction JCT token listing Date Out With Airdrop and Tokenomics Detail The highly anticipated Janction JCT token listing is officially here, with multiple major exchanges including Binance Alpha, $BNB Futures, MEXC, and BingX, confirming the token debut on the same day as November 10, 2025. The entry of this decentralized AI-compute project in the public market, marks a major milestone for the emerging AI-and-blockchain sector.
Source: BinanceOfficial JCT Token Launch Date and Listings The Janction JCT token launch date is officially set for November 10, 2025. Binance Alpha, as a first platform, will open JCT spot trading at 10:00 UTC.Binance Futures following Alpha, will add it with JCTUSDT perpetual contracts at 10:30 UTC, offering up to 40x leverage. MEXC and BingX will also list JCTUSDT trading pairs at 12:00 UTC on the same day, while BinX has already opened deposits on Nov 9 and withdrawals will open on Nov 11. With multiple one after another global listings, the JCT token launch is expected to attract strong attention from traders and investors eager to explore the Janction crypto ecosystem. JCT-Token Airdrop and Rewards As a part of every new launch on Binance, the exchange announced free giveaway events. Following that it has announced an exclusive JCT token airdrop for the eligible users to keep the new listing in limelight and hyped. Participants can claim rewards using Binance Alpha Points on the event page between November 10 (10:00 UTC) and November 11 (10:00 UTC). Meanwhile, MEXC is also hosting as Airdrop+ campaign with 75,000 USDT in rewards for early supporters (who joined before or during the Janction-listing). These promotional events are expected to boost visibility and early adoption for the new coin. What is Janction-Global? Janction is a decentralized AI-compute tool and Layer-2 network designed to connect global GPU suppliers with AI developers. The platform enables a fair and transparent marketplace for sharing GPU power, using incentive-based collaboration and authenticate pricing. Key use cases: Proof of Contribution: Rewards verified compute and data contributors.AI Workload Execution: Supports distributed, verifiable GPU-based AI tasks.AI Applications: Fuels decentralized AI tools like image generation and avatars. Janction Tokenomics The native currency of the platform – JCT-token, powers the ecosystem in multiple ways, from GPU staking and bidding to governance and marketplace payments. Here’s how the official team has prepare the tokenomics for a long term sustainability: Total Supply: 50,000,000,000 JCTInitial Circulating Supply: 22.99% at TGEBlockchain Deployment: 90% on Ethereum, 10% on BSC
Source: JanctionOfficial Janction JCT Price Prediction Based on its structures, tokenomics, working environment and early AI coins trends, it is expected that Janction JCT listing price could open around $0.005–$0.008 in a very possible way. Short term volatility is likely to happen because of seriesed launches. If it follows the performance pattern of other resource-distribution networks like DePIN, price could potentially see a 50–80% surge in the starting phase, driven by airdrop demand, Binance exposure, and staking interest. However, the Janction JCT price prediction for 2026 will depend on ecosystem expansion, token-utility uptake, and integration with major AI projects, powered by blockchain transparency and open participation. Final Thoughts With its upcoming listings on Binance Alpha, MEXC, and BingX, and a promising token airdrop event, Janction is positioning itself as a key player in the decentralized AI infrastructure space. However, the project is neither first nor last, so, competing with other well-settled options present in the market and the upcoming same-era launches will be going to sabotage its journey, but a potential pathway can change the lines. So, let's see what’s coming next for both the project and the community.
Litecoin News: LTC Price Blasts Past $100, What's Next?
In the latest Litecoin news, the $LTC price is making waves in the crypto market, posting significant gains and attracting investors. In tandem with the broader crypto market’s rebound, LTC has surged above $102, with a more than 15% surge. As the cryptocurrency’s price continues to climb, investors are wondering what’s driving the momentum and what’s next for the ‘digital silver.’ Santiment Reveals Latest Litecoin News The market research tool Santiment took to X to announce the most recent Litecoin news, thus reviving interest and excitement in the cryptocurrency. Santiment has reported that LTC is no longer being influenced by the overall performance of other altcoins, gaining a remarkable 16.2% on Friday alone, and its price crossing the $102 mark.
Analysts indicate numerous reasons that might lead to the sustained rise of the cryptocurrency. Among these is an increase in whale activity. Over the last quarter, there has been a 6% rise in the number of wallets with more than 100,000 LTC, thus showing that the large investors are actively accumulating more. The unprecedented on-chain volume of $15.1 billion in a day is another indication of the strong market liquidity and the growing interest of investors in the crypto. Litecoin is currently priced at $101.65, which constitutes a 14.3% increase in value within 24 hours. Even though the token experienced a 14.85% drop in value monthly, it still managed to grow by 5.5% in the last week. It boasts a market cap of $7.76 billion and a 24-hour volume of $1.66 billion, ranking 19th on CoinMarketCap. The massive 195% surge in the volume highlights the growing hype surrounding the token that has indeed pushed the trading activity up. What’s Pushing the LTC Price Up? Significantly, the Litecoin price rally is driven by two major factors: the increasing need for privacy-preserving transactions and the increasing institutional interest. According to reports, the altcoin is witnessing a considerable rise in the demand for private transactions through its MimbleWimble feature, while at the same time growing institutional interest through ETF inflows. The Canary Litecoin Spot ETF has attracted a lot of attention from investors who invested $640k, which took its total assets to $3.21M. In addition, regulatory clarity, like the CFTC designating LTC as a commodity, is aiding its acceptance. Analysts are monitoring MWEB adoption rates and potential SEC approval of ETFs by the end of 2025 very closely. The technicals are looking bullish, with the cryptocurrency breaking above its 30-day SMA and pivot point, and RSI14 rising to neutral territory. The MACD histogram has flipped positive, indicating short-term momentum. The next hurdle is the 200-day SMA at $101.2, and breaking above $100 has reset trader expectations. Key levels to watch are its resistance at $109.09, and support at $97 and $92.74 if it pulls back.
Was FTX Really Bankrupt? Inside SBF Appeal: Claim of $130B Asset Lost The request by Sam Bankman-Fried has sparked new discussions about the way FTX managed its bankruptcy, as he partially supported the criticism of the current CEO, John J. Ray II, on grounds of mismanagement, poor asset sales, and fund withholding from creditors. What Happened in FTX vs What Actually Happened in FTX? At the time of the bankruptcy filing of FTX in November 2022, most people assumed that the exchange had an enormous balance sheet hole, and it owed billions of dollars to its customers. John J. Ray III, who replaced SBF as CEO, claimed the company was deeply insolvent and mismanaged.However, new revelations and creditor statements suggest that the exchange estate may have been solvent all along. A Google Drive document shared during SBF’s appeal reportedly shows that: On the bankruptcy filing date, the crypto exchange held $15 billion in assets against $8 billion in liabilities (meaning assets exceeded debts). This contradicts the initial argument that FTX was bankrupt.Critics now say the estate mismanaged valuable holdings, selling assets such as Robinhood shares, Solana $SOL , and $SUI tokens at low prices, and possibly destroying up to $130 billion in assets. What’s the Truth? The truth lies somewhere between competing narratives. FTX’s official filings project 119%–143% recovery for creditors, implying that all users will be repaid—and possibly more. However, a lot of investors and analysts wonder how the process of executing the deal resulted in billions of fees and huge discounts on large assets. Arush, a creditor on X, releases a satirical video accusing Ray of his management practices, including more than $2.5 billion in professional fees and dubious asset sales, including the sale of Anthropic shares worth $16 billion for $1.8 billion. Although it is written humorously, it is an expression of real anger among the creditors who feel that the wealth was squandered in bad choices instead of being reclaimed successfully.
Source: Official SBF X Views of SBF: "FTX was Never Insolvent" SBF admitted he did not agree with every point made in the viral speech but said, “Yeah, this is basically what happened.” He emphasized that his comments weren’t meant to prove his innocence but to highlight alleged mismanagement during the bankruptcy. He also highlighted the unpaid creditor funds, especially those of Chinese investors, citing the current case of "Mr. Ji." SBF claims that such pending cases should be looked into more closely, since the Ray administration has not been acting in an open and just manner. Views and Decisions of CEO John Ray About FTX John J. Ray III has justified his actions as being necessary to salvage money and put the estate back on its feet. In the satirical video, which takes his statement to the extreme of exaggeration, he agrees that the huge fees and bonuses are there, but explains them as a reward for an extraordinary effort. During the leadership of Ray, the exchange experienced a complicated reorganization with hundreds of court filings, asset recoveries, and settlements. However, critics accuse him of illegally including exchanges of EU and Japan in the bankruptcy, despite their solvency, and using estate funds for litigation against former employees. Current Situation of FTX By November 2025, the recovery process of the exchange will still be in progress. Creditors are demanding full repayment, but there are still controversies on the amount of value lost in discounted sales and legal fees. Reports suggest that total bankruptcy costs could exceed $2.5 billion, making it the most expensive bankruptcy case since Lehman Brothers. What’s Ahead The Exchange appeal case could reshape public perception of the collapse. When the solvency is recognized on the date of filing the petition, then one might wonder why the bankruptcy was filed in the first place- and who actually benefited. Conclusion The scandal is still unraveling, and it combines satire and serious charges. As long as creditors wait to recover their money, the issue of insolvency, mismanagement, and accountability will most likely inform the final chapter of the exchange
Why is SAPIEN Price Up Today? Here's The Reason Behind The Rally?
Sapien Airdrop, Binance Listing Drive Sapien Price Rally, What's Next? The $SAPIEN price surged this week, skyrocketing almost 170% in just 24 hours post Binance announced a new airdrop and confirmed the token's upcoming listing. This recent Sapien news quickly made it one of the hottest projects in the crypto community, with traders scrambling for positions in advance of the live listing. Why Sapien Price Is Going Up Today At the time of writing, it is trading around $0.31, a sharp rise from the price earlier this week. The price movement started almost immediately after Binance had posted the details of its Sapien Airdrop, which rewards long-term holders of $BNB with free tokens. The exchange also disclosed the upcoming launch of spot trading, which further ignited market enthusiasm. The social media buzz around this airdrop and its trading debut set off a buying frenzy that pushed the prices high across multiple exchanges. BNB Holders to Get Free Tokens One of the key factors driving the price spike is Binance's airdrop program.
Source: X (formerly Twitter) The exchange announced that BNB holders who participated in Simple Earn or On-Chain Yield programs between October 20 and 22, will get free tokens. The platform will give out 15 million tokens to those users, while it will put aside another 20 million for marketing campaigns and community rewards. This immediately gave a boost to market confidence. Binance Airdrops are often considered the seal of approval, and the inclusion of this crypto is taken as strong support. Upcoming Binance Listing Adds More Hype The platform officially confirmed that the Sapien token trading would go live on November 6, 2025. The pairs available are against $USDT , USDC, BNB, and TRY. Deposits have already opened, and Binance decided not to charge any listing fee for the token, something it only does for select tokens with strong potential. Already Trading on Multiple Exchanges Sapien has already enjoyed healthy activity on other exchanges, Binance alpha, Coinbase, KuCoin, Bitget, MEXC, and Gate.io, ahead of its formal debut on Binance. Prices currently change within the range from $0.32 to $0.36, reflecting stable interest across the market. Market Sentiment and Technical Outlook On the Sapien Price charts, remains in a clear uptrend.
Source: CMC It recently broke above its 30-day moving average ($0.135) and crossed key resistance at $0.277, confirming strong buying pressure. The RSI sits above 70, showing bullish momentum, while trading volume is up over 867%. Analysts say holding above $0.355 could push the next target to $0.40-$0.42 soon. AI Connection Boosts Sapien's Popularity Beyond the hype of the airdrop, it has also shine bright due to its focus on AI-driven blockchain technology. This fits quite perfectly with the increasing trend of AI and Web3 integrations that has been one of the hottest crypto projects in 2025. What’s Next for Sapien Price With the Binance listing now live, all eyes are on how the it will perform over the course of the next few days. Sapien price prediction states, Short Term: If demand continues to be strong, the token could move up toward $0.40–$0.42 in the short term. Long-term: Steady growth toward $0.65–$0.70 by 2026 if adoption, AI integration, and trading demand remain strong. However, traders need to keep an eye on token unlocks from airdrops and marketing allocations as these could trigger price fluctuations. Notwithstanding, this is one of the top-performing tokens of November thanks Binance's support, the community's strong buzz, and the AI narrative helping it to be in the limelight.
Ethereum Whales Buy the Dip: Amasses $1.12B Amid Price Drop
Ethereum Whales Buy the Dip Amid Market Crash: What This Means? The recent Ether price crash sent shockwaves through the market, but the Ethereum whales are seizing the buy-the-dip opportunity to amass more tokens. According to the latest on-chain data, Ethereum whales have accumulated a staggering 323,523 $ETH , valued at approximately $1.12 billion, over the past two days. Can this growing purchase be a positive catalyst for the token price? Ethereum Whales Buy the Dip In a recent X post, on-chain analytical platform Lookonchain shared insights on the increasing whale activity involving Ether. As per Lookonchain data, Ethereum whales have collectively purchased a total of 323,523 ETH, valued at about $1.12 billion over the past two days when the altcoin was trading below the $3,700 range.
This increase in whale moves indicates that these investors feel comfortable betting on Ethereum's potential long-term prospects, despite the fluctuations in the market. This accumulation may suggest a price recovery is forthcoming, as historically, whale activity has been correlated with price rises. Whale Activity on the Rise Significantly, many ETH investors have been making very large transactions, which indicates their confidence in the long-term prospects of the asset. In particular, Richard Heart, the founder of HEX and PulseChain, moved 27,449 tokens from one of his wallets to a new wallet and then moved those assets through Tornado Cash. Another holder, who had earlier borrowed 66,000 ETH, paid off the loan in its entirety and subsequently transferred USDC to $BNB , withdrawing 34,155 Ether (approximately $112 million) to potentially increase its holdings at what it believed to be a cheap price. In addition, a newly created wallet withdrew 10,000 tokens ($32.72 million) from Kraken, and on-chain evidence confirms that this wallet is likely associated with Bitmine. These whale activities show that they are strategically building up their Ethereum holdings during the recent price dip, possibly indicating a bullish long-term strategy. How Will This Impact the ETH Price? Significantly, the Ethereum whales’ buy-the-dip activity could positively impact the ETH price. With these large holders accumulating more than 323K tokens in just two days, this surge in activity suggests confidence in Ethereum's long-term potential. As of press time, the altcoin is valued at $3,340, marking notable downticks of 8.3% in a day, 16.6% in a week, and 26.3% in a month. The rising whale activity goes in line with the increase in the 24-hour trading volume, which is now at $81.97 billion, up 66%. This trend implies that both large-scale investors and casual investors are more often than not bullish or optimistic on Ether. Historically, when whales have accumulated, the price has also gone up, meaning a price rebound is on the horizon. If this trend continues, Ethereum's price could see an increase if the asset reclaims key resistance levels and sentiment stays positive in the market.
Binance Word of the Day Answer 04 November 2025: Full WOTD List Published:November 04, 2025
Binance Word of the Day Answers Today 04 November 2025 With All Words The Binance Word of the Day on November 04, 2025, is fish it up and then claim your BNB reward on consid-gab-gang for words of all lengths: 3-letter, 4-letter, 5-letter, 6-letter, 7-letter, and 8-letter words. About Binance Word of The Day (WOTD) The Binance Word of the Day (WOTD) is a regular daily event in which cryptocurrency fans attempt to guess a cryptocurrency-related word because you will not want to miss a chance to improve your vocabulary. The points you earn can be redeemed for prizes, such as token vouchers. Here Are Binance Word of the Day Answer 04 November 2025: Theme: Protect Your Crypto Date: 2025-11-03 To 2025-11-09 Binance 3 LETTERS WORD: Note: Please try one by one if it's incorrect. BUY Binance 4 LETTERS WORD: Note: Please try one by one if it's incorrect. COST PEAK Binance 5 LETTERS WORD: Note: Please try one by one if it's incorrect. TRADE BUYER Binance 6 LETTERS WORD: Note: Please try one by one if it's incorrect. SECURE SELLER GLOBAL ESCROW MARKET DIRECT Binance 7 LETTERS WORD: Note: Please try one by one if it's incorrect. PAYMENT SERVICE Binance 8 LETTERS WORD: Note: Please try one by one if it's incorrect. FLEXIBLE TRANSACT VARIABLE PLATFORM NOTE: It might, for some other BNB ID, some other word may work. Keep trying… For extra rewards, check out Syntax Verse Daily Quiz Answer 14 November 2025 Play and Earn $Gems and explore more thrilling tasks! How to Play the Game: Access the $BNB Mobile App and head to the menu and click on more at the bottom. Once in the “Gift and Campaign” menu click on “WOTD” to access the puzzle game. The way the game works: Each day will consist of new word puzzles associated with crypto for you to guess. You will get 6 chances to guess each word, with scoring as follows: Green letter - correct letter in the correct spot Yellow letter - letter is present in the word but in the wrong spot Black letter - letter is NOT in the word. How do I earn more chances? Your social media announcement about the BNB news could be a method to get chances for an additional play in WOTD. You earn the additional play each time a link is clicked from that post. Reward 500,000 BNB tokens in the prize pool will be distributed among all players with the highest complete points for guessing the words right during the time of the game/ activity. You will also be able to use your points to claim other prizes (mostly voucher tokens). Recent Themes and Answers: Binance WOTD is themed every week. For example, the week of Date: 2025-11-03 To 2025-11-09, had the theme of "Protect Your Crypto". Some of the words pertaining to this theme were: 3 Letter Words: PAY, VIP, BTC, KEY 4 Letter Words: EARN, BOTS, FIAT, TIER 5 Letter Words: SUITE, TRUST, GROUP, RANGE 6 Letter Words: HOLDER, WALLET, SQUARE, INVEST 7 Letter Words: SUPPORT, PRODUCT, FEATURE, ACADEMY 8 Letter Words: SECURITY, PLATFORM, EXPOSURE, ADVISORY The Word of the Day combines educational and rewarding experiences. It educates users on new specialised terms of the crypto industry while rewarding them for their efforts.
Why Is the Crypto Market Down Today? Key Factors Explained
Crypto Market Down Today: Who’s the Real Culprit? The crypto market is currently experiencing a sharp downturn, with Bitcoin, Ethereum, and other major cryptocurrencies plummeting in value. The industry has seen a notable loss of 3.21%, reaching $3.6 trillion, resulting in more than $450 million in liquidations within just 24 hours. As the market continues to fluctuate, it's essential to examine the factors driving the decline and what it might mean for the future of space. Crypto Market Down Today: A Closer Look The global digital asset industry is once again in the red zone, sparking investor caution. After a paradoxically bearish “Uptober,” the market is preparing for an uncertain “Pumpcember." The current market crash could be attributed to a combination of factors, including the ongoing US shutdown, Fed Chair’s hawkish tone, ETF outflows, and millions in liquidation.
US Government Shutdown Notably, the US government shutdown has now entered its second month with no resolution in sight. The crypto space has also been directly affected by the uncertainty regarding important economic data points due to the shutdown. Overall, the economy is experiencing strain, with 22 US states facing economic contraction. This downturn is disproportionately impacting lower- and middle-income households, who are struggling to make ends meet. This broader downturn is also seen in the digital asset industry, which continues to slide. No Possible Rate Cuts, Hints the Federal Chair Fed Chair Jerome Powell recently stoked fears when his hawkish rhetoric on monetary policy resulted in a market downturn. Despite a 25-basis-point rate reduction, Powell's remarks suggested a more cautious approach to interest rates, contributing to significant volatility. He noted, “In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December. A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.” Bitcoin ETF Outflow Bitcoin ETFs are under significant pressure, with continued heavy outflows adding to the market's woes. According to recent data from Fairside, U.S. spot $BTC ETFs saw $1.15 billion in withdrawals last week alone. The largest outflows were also recorded across funds managed by large firms like BlackRock, $ARK Invest, and Fidelity, demonstrating that investors are reluctantly pulling back from financial products underpinning Bitcoin. Crypto Liquidations
Over the past 24 hours, about $472 million in assets were wiped off across major exchanges, including Binance, Bybit, Hyperliquid etc. While $413 million in long positions were liquidated, only $59M in short positions got liquidated. Over the past 12 hours, $366 million was wiped off, with $335m in long and $31m in short positions.
Coinbase BVNK $2B Acquisition Plan to Boost Stablecoin Payments
Coinbase BVNK $2B Acquisition Plan: What If The Deal Get Finalized? As per the recent reports, Coinbase is said to be in advanced negotiations to buy stablecoin infrastructure developer BVNK, at a valuation of approximately $2 billion, to go beyond crypto trading and consolidate its presence in the global payments market. Coinbase BVNK Acquisition Plan: What's Happening? Coinbase, the biggest cryptocurrency exchange based in the U.S., is in talks to acquire BVNK, a London-based fintech company that develops stablecoin payment systems for businesses. The possible acquisition, estimated between $1.5 and $2.5 billion, will be an indication of the move to diversify its business as it further ventures into digital and financial services.
Source: Coinbureau X Deal Status The negotiations are at the last stage, and both companies are doing due diligence before the conclusion of the terms.Assuming that all is going well, the deal may be closed by the end of this year or early 2026.At this point, it has the monopoly on bargaining with BVNK, and thus, there are no other bidders in the process.The deal is not yet sealed and may change or collapse. About BVNK BVNK was established in 2021 and has its headquarters in London. The company assists merchants to take payments in both cryptocurrencies and traditional currencies, and therefore businesses can easily run in various financial systems. It has already raised $90 million in funds with its investors including Citi Ventures, Haun Ventures, Visa, and Coinbase Ventures, which happens to be its own investment arm. Why Coinbase Wants BVNK? It has been trying to minimize its reliance on trading income by expanding other business units, after the Coinbase Q3 Report shows $433 Million Profit. Coinbase could acquire BVNK and: Grow its Business platform, which provides payment and invoicing solutions.With the technology provided by BVNK, assist companies in making and accepting payments in stablecoins rather than banks.Enhance its international presence in the financial technology sector.The relocation is in line with the mission to create an open financial system and facilitate the adoption of stablecoins by forming partnerships and real-life applications. Stablecoins Market and Regulation. One of the largest sources of revenue at Coinbase is stablecoins, cryptocurrencies linked to standard currencies such as the U.S. dollar, which contribute almost 20% of its third-quarter revenue. Circle, which also issues the $USDC , a stablecoin, earns the company a share in the interest earned on reserves and transaction fees. Earlier this year, the U.S. also enacted its first regulation of stablecoin, which gave the market legal clarity and motivated institutions such as Visa, Mastercard, and large banks to consider blockchain-based payments. Recently, CEO Brian Armstrong noted that American legislators are on the verge of creating a complete set of crypto regulations, which may further contribute to the growth of the company in the field of payments. Consequences, if the Deal gets finalized. In the event of the successful acquisition, the company might emerge as a leading digital payments provider, competing with other traditional processors, such as PayPal or Stripe. The move would: Enhance the infrastructure to support transactions with stablecoins.Provide it with access to the merchant network and compliance systems of BVNK.Become a leader in offering businesses all over the world with blockchain-based payment solutions. The negotiations, even without the deal, demonstrate a clear direction to follow, which is to create a stablecoin-based payments ecosystem that is not limited to crypto trading. Conclusion The acquisition is a significant move in the direction of transforming its business model to include stablecoins, payments, and long-term expansion beyond the traditional cryptocurrency trade.
FTX News: Ex-CEO SBF Strikes Back, Says FTX Was Never Insolvent
FTX News: SBF Defends FTX Collapse as Liquidity Crisis, Not Insolvency Did Sam Bankman-Fried really just say FTX was never broke? In his latest report titled “FTX: Where Did the Money Go?”, the former FTX CEO claims the company’s collapse wasn’t because of insolvency, but because of a short-term liquidity crunch.
Source: X (formerly Twitter) This recent FTX News update brings a surprising twist, suggesting that the exchange still holds billions even after paying off most creditors. Exchange Faced a Liquidity Crisis, Not Bankruptcy According to SBF, the organisation always had enough money to repay its customers. He says the real problem was timing too many withdrawals came in too quickly, creating a temporary liquidity crisis. The report claims that the $8B exchange owed to users when it filed for bankruptcy never actually left the exchange. SBF adds that all customers will eventually receive between 119% and 143% of their original balances. So far, about 98% of creditors have already been paid around 120% of what they were owed, making this one of the most unusual bankruptcy cases in recent history. FTX’s Massive Asset Holdings The report also reveals how large its remaining assets are. The company’s holdings on the day it filed for bankruptcy were worth an estimated $136 billion. These include $14.3 billion in Anthropic shares, $7.6 billion in Robinhood stock, $1.2B in Genesis Digital Assets, and $600 million in SpaceX. It also lists 58 million SOL tokens worth about $12.4B, 890 million SUI tokens valued at $2.9 billion, 205,000 BTC worth $2.3 billion, and $345 million in stablecoins. After paying $8 billion in customer claims and $1 billion in legal fees, FTX’s bankruptcy estate still has around $8 billion left. Creditors Receiving Strong Repayments In the latest FTX News update, the exchange confirmed a new $1.6 billion payout to creditors under its bankruptcy plan. This brings total recovery rates close to 95% far higher than the usual 20–40% that creditors receive in most bankruptcies. Large creditors who were owed over $50,000 are now recovering nearly 84% of their funds. Meanwhile, smaller claimants with less than $50,000 are being repaid an impressive 120.5% of their original claims. In other words, many small investors are actually getting back more money than they lost. However, not all groups are seeing the same results. U.S.-based account holders have so far recovered only around 40% due to legal and jurisdictional issues. Still, compared to most bankruptcy outcomes, it’s repayment progress remains remarkable. Although, not everyone agrees with SBF’s version of events. On-chain investigator ZachXBT tweet pointed out that creditors were repaid based on crypto prices from organisation’s 2022 bankruptcy, not today’s higher values meaning many users still faced huge losses on assets like SOL and BTC.
Source: X (formerly Twitter) What It Means for Crypto This News report changes how people might see the FTX collapse. If SBF’s claims are true, it suggests that the organisation didn’t go bankrupt; it just couldn’t meet withdrawals fast enough. That paints a very different picture of what happened in 2022. It also raises questions about how the bankruptcy team handled the case, and whether delays and mismanagement caused unnecessary losses. SBF’s claims may be controversial, but the repayment numbers speak for themselves. Final Thoughts While many still doubt Sam Bankman-Fried’s version of events, there’s no denying that FTX’s recovery is one of the most successful in history. Nearly all creditors are getting their money back, some even with extra. Whether it was truly a liquidity crisis or deeper mismanagement, one thing is clear: this story is far from over. And as more facts come out, this update will remain one of the most talked-about topics in crypto.
Trump Linked American Bitcoin Boosts Bitcoin Holdings to $445M
Trump Linked American Bitcoin Expands Mining and Treasury Holdings Is the Trump-linked Bitcoin mining firm rush marking the next big wave of corporate accumulation? Major BTC Purchase Trump Linked American Bitcoin has taken another big step in its crypto journey. They bought 1,414 BTC, worth nearly $163 million, pushing its total Bitcoin holdings to around 3,865 BTC, valued at about $445 million. The organisation, co-founded by Eric Trump and Donald $TRUMP Jr., has been expanding fast since it began operations earlier this year. It aims to become one of the largest mining and accumulation firms for the largest cryptocurrency in the United States. How the Company Was Formed The company was created in March after mining giant Hut 8 exchanged its mining hardware for a major stake in the new company. This helped the firm combine large-scale mining power with direct $BTC ownership. In September, American Bitcoin went public on Nasdaq under the ticker “ABTC”, following its merger with Gryphon Digital Mining. Its launch registered high demand, with stocks rising more than 16% on the initial day, indicative of increasing enthusiasm about the Trump-associated initiative. Focus on "Bitcoin Per Share" Something that distinguishes this firm is that it is transparent. The company has come up with a new measurement known as "Satoshis per Share", which indicates the amount of the cryptocurrency that backs every share of its stock. According to Eric Trump, who serves as the company’s Chief Strategy Officer, this measure is key to understanding the real value behind each investor’s share. “We believe one of the most important signs of success is how much BTC supports every share,” he said. By sharing these updates regularly, the company hopes to attract long-term investors who believe in crypto’s growth and want to hold shares in a firm directly tied to it. The Advantage of Mining and Accumulation Unlike companies that only buy this digital asset from the market, it also mines its own coins. This gives it a cost advantage, allowing it to acquire BTC at lower prices while keeping more control over its production. The combined model helps the company grow its reserves steadily, even when the Bitcoin price becomes volatile. Executive Chair Asher Genoot explained that this approach allows them to keep a better average cost per BTC than their competitors. Market Impact and Future Plans The company’s recent purchase places it among the top 25 public holders of this digital asset worldwide. With the prices of this cryptocurrency gaining strength again, many see this as a confident bet on the asset’s long-term future. Trump Linked American Bitcoin plans to continue expanding its operations and will share regular updates on its Satoshis per Share to maintain transparency with shareholders.
Source: Google Finance American Bitcoin Corp (NASDAQ: ABTC) closed at $5.96, up 6.05% on October 27. The stock reached a high of $6.48 and a low of $5.71, with a market cap of $541.52 million. Final Thoughts As the firm continues to grow, it’s becoming a symbol of how traditional business and political names are stepping deeper into the crypto world. Whether this model becomes the next big trend in corporate BTC investment remains to be seen but for now, it’s clear that Trump Linked crypto firm is just getting started.